Chilies is currently spearheading a platform that allows any sports organization to monetize their fans by creating a "Fan Token Offer (FTO)" associated with their team. Tokens created on this occasion will allow, among other things, certain rights to manage the respective team, to participate in VIP events or to be rewarded for their loyalty in the form of discounts on ticket prices.
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The Chiliz token was created to create a system that facilitates interaction between top athletes and their fans.
At the moment, fans of a team can only interact with the team by buying tickets to watch matches or merchandise, such as jerseys. For example, they cannot vote in strategic decisions. Buying shares in a sports organization, especially a big one, is absolutely overpriced. Using the system that Chiliz wants to create, each fan would be able to buy a certain number of tokens related to their favorite team according to their budget, with each token corresponding to a share of the company. All fans would then be able to voice their opinions in proportion to the number of tokens they have. In a sense, they would be micro-shareholders.
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